Success mantra shared by Mr. Raghuttama Rao at IIM Udaipur

It is always a sense of great joy and excitement when students of IIM Udaipur meet an eminent business personality. Preserving the legacy of industry interaction, the students of IIMU had the privilege of having Mr. Raghuttama Rao CEO & Managing Director at ICRA Management Consulting on campus.

1487323_776108022452198_2333536330710525040_n Picture Source : MMA, Chennai

Mr. Rao started his excellent career with undergraduate from IIT Madras; post which he did his MBA from IIM Ahmedabad. He was a Fulbright Scholar at Carnegie Mellon University Pittsburgh, USA where he gained proficiency in Cost Accounting. Being a member of ICRA’s start-up team, Mr. Rao has contributed to developing many areas of ICRA’s business, including Credit Rating, Management Consulting, and Research. He has served on ICRA’s Rating Committee for about ten years and has experience across several sectors, including infrastructure, banking/finance, structured finance, manufacturing, and energy.

Sharing his experience, Mr. Rao first emphasized the importance of economics and accounting in finance. He said that most students and even industry experts in finance domain lack the conceptual understanding of accounting and economics and hence are unable to deal with unprecedented scenarios. He recalled the amount of struggle he faced while learning cost accounting but said that the hard work paid off in the end.

Mr. Rao explained that the students should come to know their strengths and weaknesses in deciding the career path. He stressed on focusing on those streams that fit with what the students are good at, and what they really enjoy doing. Hence, in terms of consulting, Mr. Rao asked the students to ponder upon two fundamental questions: “What is Consulting?” and “Am I fit for it?” before joining the field in the first place. He also explained that consulting is as much about people skills as it is about analytics. Exclaiming that at the heart of consulting is marketing; he said that communication skills, both verbal and written, are essential to the domain. He mentioned that though multi-domain knowledge is helpful in consulting, one should try to have an expert level knowledge about one or two fields and that one should be used to unprecedented situations as consulting usually presents with unstructured problems.

Accentuating on maintaining health, Mr. Rao said that one should always maintain a balance between money and fitness. In addition, he said that one should use this time in MBA to read as much as possible about many streams and decide which way to go. He also said that one should dig deep inside and figure out the right reason for pursuing entrepreneurship and exclaimed that in entrepreneurship, one has many bosses.

After the session, he was asked numerous questions by students ranging from how to prepare for the summer internship to the importance of certificates for various streams. The students of IIM Udaipur are glad and thankful they had the privilege of meeting Mr. Raghuttama Rao and get an insight into consulting, finance and entrepreneurship.

The Leadership Summit 2014 organized at IIM Udaipur concludes on a successful note!

Indian Institute Management Udaipur hosted the third edition of its annual flagship event, The Leadership Summit 2014 on 23rd August, 2014 at the Durbar Hall, City Palace, Udaipur.

1

The Leadership Summit is a student-driven initiative which is organized by the Media and Industry Cell (MiiC) of IIMU. The event serves as a platform for corporate leaders to share their opinions and views on select themes through diverse engaging panel discussions. The panelists comprise of distinguished leaders from industries and academia. The objective of the summit is to get unique insights from the leaders and get to understand the direction in which the economies, corporate policy making and businesses are heading viz-a-viz globalization and competition. The first two editions of The Leadership Summit have been immensely successful. The umbrella theme for the Leadership Summit 2014 was “RETHINK: A paradigm shift in the Leadership Trends of India“.

2

The event began with a Welcome Address by Prof. Janat ShahDirector, IIM Udaipur. Prof. Shah laid emphasis on the initiatives on which the institute has a strong focus such as Immersion, Research, Analytics, Entrepreneurship and Social Responsibility.

3

Dr. V RaghunathanCEO, GMR Varalakshmi Foundation & Ex-President, ING Vysya Bank served as the Chief Guest in the event. Mr. Puneet DalmiaMD, Dalmia Group of Industries was the Keynote Speaker. Both the leaders laid emphasis on the need of a social purpose behind every leadership initiative.

4

The event had three student moderated panel discussions. First Panel’s theme was “Rethink Approach: How to think, act and lead in this era of Globalization?” with participating speakers, Mr. Balaji R. Narayanswamy General Manager, Mindtree, Mr. Sukanti Ghosh Member of Global Management Committee, APCO Worldwide and Mr. Vishal Mathur VP Sales, Eicher Motors. The panelists discussed the key challenges faced in Globalization, skills and opportunities present in going Global.

5

Second Panel’s topic of discussion was “Rethink Boundaries: Can we learn Leadership from boundaries beyond corporate world?” with participants Mr. Ramkumar Executive Director, ICICI Bank Limited, Mr. Praveen Mathur Major General (Retd.) & Advisor, Director General Hydrocarbons, Ministry of Petroleum, Mr. M P Vasimalai IIMA Alumnus & Founder, DHAN Foundation and Mr. Kalyan S. Bose Senior Volunteer, SPIC MACAY. The panelists discussed the various facets of leadership development citing examples from multiple avenues.

8

Third Panel saw discussions on the theme “Rethink Convention: Women in Leadership Roles – Changing the rules of the game!” with panelists Ms. Arnabi Marjit GM-HR, Lupin Pharma, Ms. Namrata Gill VP, Organizational Development and Talent Management, Mahindra and Mahindra and Ms. Neelima Khetan GM, Sustainability and CSR, Coca-Cola India. The speakers discussed in detail about the challenges faced by women in the corporate world, the possible solutions and the changing landscape in the business world.

9

The event also saw a special segment on Big Ideas Session delivered by Mr. Sanjay PanigrahiCEO, Sahaj e Village Ltd. who spoke largely on the Rural India and the potential of management principles application in the sector.

6

The event received a very good response and concluded with felicitation of the speakers and vote of thanks. The event is a student driven initiative of IIMU which aims to bring the business community of Udaipur, global leaders, faculty and students of IIMU on a common platform where they can exchange knowledge and insights and work towards establishing possible future sustainable partnerships.

7

Vedanta Group served as the Title Sponsor of the event while Wonder Cement helped as the Associate Sponsor of the event. Along with them, many other organizations came forward to extend their help in organizing this event. The other sponsors of the event were:

Media Partner: Rajasthan Patrika

Co-Sponsor: Eve’s Corporate Channels India Private Limited

Organizational Partner: UCCI

Printing Partner: Lucky Offset Printers

Magazine Partner: City Angle Lifestyle Magazine

Supporting Sponsors: Aravali Minerals & Chemical Industries Private Limited and Shree Rajasthan Syntex Limited

Mall Partner: Lake City Mall

Inclusive India Forum 2014: A joint initiative by IIM Udaipur and HBS Club of India concludes on a highly successful note at IIMU!

Indian Institute of Management, Udaipur in association with the Harvard Business School Club of India successfully organized the first Inclusive India Forum 2014 at IIM Udaipur campus on 26th July, 2014.

???????????????????????????????

The event was attended by stalwarts from corporate and social sectors. Prominent delegates included 12 Harvard Business School Alumni, 23 Corporate Social Responsibility Heads from various companies and 44 Founders & Senior Functionaries from NGOs from across India. Inclusive India Forum is the first event of its kind organized in India, where different stakeholders from corporate organizations and NGOs shared one platform to discuss ways in which partnerships can be created in the development management space for the larger benefit of society.

???????????????????????????????

The event began with a welcome address by Prof. Janat ShahDirector, IIM Udaipur. Dr. Shah mentioned the need to focus on the development in the region. He specified the deep commitment of IIM Udaipur to work towards this agenda citing many initiatives like the Center for Development Management, partnerships with local corporates and NGOs like Hindustan Zinc, Secure Meters, Seva Mandir, Arth and Aajeevika Bureau among others. His speech concluded with the purpose of the event to devise an action plan through the collaboration and discussions with the delegates and to make dependable friends who will join IIMU in working towards the inclusive growth of India.

???????????????????????????????

The keynote address for the event was delivered by Dr. Ganesh Natarajan, Vice Chairman & CEO, Zensar Technologies and Chairman of the 2000 member strong NASSCOM foundation. He talked about his initiative which aims at making at least one member of every Indian family digitally literate, so that the access to technology and the corresponding awareness can help them avail the development initiatives. He emphasized that the vision of HBS Club of India should be contributing in the field of social causes and not that of a mere business beneficiary body.

???????????????????????????????

The participation of the delegates for the day began with first panel discussion on “The Corporate World on the Social Sector” which was moderated by Dr. Ganesh Natarajan. The panelists Prof. Janat Shah, Mr. S. Ravichandran – Cummins India, Ms. Neera Nundy – Dasra and Mr. Sanjaya Singhal – Secure Meters spoke largely on the topic and the audience participation brought in key pointers like lack of need-gap analysis of planning/scalability skills in NGOs, absence of CSR initiatives taken by companies in non-industrialized regions of India, strategic alignment with corporate organizations and executional challenges of incorporating CSR values in corporations.

???????????????????????????????

Second panel discussion on the theme “Development Management Sector in India: What works and what does not?” was moderated by Mr. Anshul Arora, CEO – Edvance Group and saw Mr. Aditya Nataraj – Piramal Foundation, Mr. Ajay Mehta – Seva Mandir, Ms. Rita Soni – NASSCOM, Mr. Anoop Kaul – Basix, Ms. Uma Ganesh and Mr. Jayant Sahastrabuddhe discussing on existing as well as future possible partnerships between civil society, NGOs and corporates. The challenges like experimental flexibility in schemes such as NREGA by the government, importance of knowledge creation and knowledge asymmetry were discussed. The common opinion which emerged was that educational institutions should focus on making social leaders, and bring about capacity and capabilities building along with partnering with local industries to work towards nation building. The message of ‘CSR as a fundamental duty of everyone’ was emphasized by the panel.

???????????????????????????????

The panel discussions were followed with brainstorming sessions wherein delegates segregated into three focus groups to discuss on current and possible future initiatives in Livelihood, Healthcare and Education sectors. The mutual discussions between corporate, CSR representatives and social sector heads in common teams brought perspectives on formulating roadmaps to give directions for future collaboration on social projects. The implementation challenges at the grass root level and the deep understanding of the bottom of the pyramid brought in by the NGOs helped in developing of a complete functional roadmap.

IMG_6645

The event saw enthusiastic response and the participants were enthralled with a cultural program in the evening with highlights of traditions of Rajasthan. The delegates also had interactions with the student community of IIMU and partake a Heritage walk and NGO visit on 27th July, 2014.

DSC_0092

Indian Institute of Management Udaipur strives to build a workforce of student managers imbibed with the beliefs of social responsibility, inclusiveness and the potential of collective growth, who can go on to create social and economic values for the society. This initiative organized by PrayatnaThe Social Responsibility Club of IIM Udaipur represents the true pride and insignia of IIMU and is a key milestone achieved in this direction. IRIS – The Photography Club of IIM Udaipur helped in clicking the pictures of the event.

DSC_0101

IIM Udaipur and Harvard Business School Club of India to host Inclusive India Forum 2014 at IIMU campus!

Indian Institute of Management, Udaipur in association with the Harvard Business School Club of India will host the first Inclusive India Forum on 26th July, 2014 at IIM Udaipur campus.

Inclusive India Forum will be attended by stalwarts from corporate and social sectors. Confirmed delegates include 25 Harvard Business School Alumni, 25 Corporate Social Responsibility Heads from various companies and Founders & Senior Functionaries of 40 NGOs from across India. Inclusive India Forum would be the first event of its kind organized in India, where different stakeholders from corporate organizations and NGOs would gather on one platform and discuss ways in which partnerships can be created in the development management space for the larger benefit of society.

10325280_644881145588147_4475971691843140856_n

Janat Shah, DirectorIIM Udaipur, faculty and students of IIMU will welcome all the delegates in the event. The event will flag off by a Keynote address to be delivered by Dr. Ganesh Natarajan, Vice Chairman & CEO, Zensar Technologies.

Indicative list of the prominent corporate personalities who will be attending the event comprises:

  • Adil Zainulbhai, Senior Advisor & former Chairman – McKinsey India
  • Padmashree Rajinder Gupta, Founder & Chairman – Trident Group
  • Vikram Mehta, Chairman – Brookings India
  • Jyotsna Bhatnagar, Head CSR – British Petroleum India
  • Mohini Daljeet Singh, CEO – Max India Foundation

C-Suite Executives from some of the big firms across the country including Brookings India, Dr. Reddy Foundation, BP India, DLF, Vodafone, Piramal Foundation, Forbes Marshall, Genpact, Vedanta, Hindustan Zinc, Max India Foundation, ITC, MacArthur Foundation, NASSCOM Foundation, Secure, Shell Foundation and Harvard Business School alumni would unite together to deliberate on how the skills and resources from Corporate world can align with the Social services sector to develop synergies across various projects in the social space in the coming years.

Indicative list of prominent personalities from NGO space who would be participating in the forum comprises:

  • Ashwin A. Shah, Founder – Gram Sewa Trust
  • Rajiv Khandelwal, Founder & Chairperson – Aajeevika Bureau
  • Binoy Acharya, Founder & Director – UNNATI
  • Girish Sohoni, President & Managing Trustee, BAIF Development Research Foundation
  • Mini Bedi, Asia Director of International Association for Community Development – Director Development Support Team (DST)
  • Pankaj Shah, Director Community Health – SEWA Rural

The forum brings together personalities and leaders from NGOs like ACCESS Development  Services, Akshaya Patra Foundation, Ananya Finance, Arth, Astha Sansthan, BASIX, British Council, Cecoedecon, Centre for Science and Environment, Concern India, Drishtee, EDVANCE Group, Food Security Foundation India, IBTADA, IIMPACT, Jatan, Lok Panchayat, Marie Stopes International, Pan Himalaya Grassroot, Piramal Foundation, Secure Giving, Seva Mandir, Shaishav, Smile Foundation, Uthan, VAAGDHARA, VANI and Vidya Bhavan Society.

The first panel discussion on “The Corporate World on the Social Sector” would be moderated by Dr. Ganesh Natarajan. This would be followed by second panel discussion on the theme “Development Management Sector in India: What works and what does not?” moderated by Mr. Anshul Arora, CEO – Edvance Group. The panel discussions will be followed by brainstorming sessions wherein delegates would be segregated into three focus groups and would discuss on current and possible future initiatives in Livelihood, Healthcare and Education sectors. One of the key anticipated outcomes of the forum is a roadmap which will give directions and indicators for working in a collaborative way on social projects in future, which would lead to inclusive growth in India in the long run.

IMG_0307

The Udaipur community has shown keen enthusiasm and interest in this event. A Press Conference was conducted on 23rd July in IIM Udaipur campus as a pre-cursor for this event in which around 30 local press and media partners came to cover the event. Zucchini Italian Cuisine Restaurant of Udaipur has associated with the forum as the Food Partner.

IMG_0284

IIM Udaipur through various initiatives in the past has shown a deep commitment towards developing socially responsible managers and actively contributes in societal development. This programme in collaboration with the HBS Club of India is another major step taken by the institute in the same direction.

IIM Udaipur welcomes the Fourth Batch of the flagship PGP Programme – Class of 2014-16

Indian Institute of Management Udaipur held the registration and commencement session of the fourth batch of its flagship PGP Programme for the Class of 2014-16. A total of 116 students registered in the new batch comprising of a diverse mix of students from different academic backgrounds and work experiences.

DSC_6796

The students were given a grand welcome to make them feel the distinguished hospitality of IIM Udaipur. The welcome event was orchestrated by the second year PGP students and cheered up the students and their parents with the traditional Rajasthani style welcome.

IMG_5343

Post the registration process, the students received a welcome address from Prof. Janat Shah, DirectorIIMU. Prof. Shah welcomed the students and congratulated them for their efforts which went in achieving the feat of joining an IIM. He addressed the students about the two year transformational journey which the programme offers along with the things which differentiate IIMU with specially crafted pedagogical initiatives like Entrepreneurship / Intrapreneurship, Analytics, Immersion and Social Responsibility.

IMG_5345

Prof. Shah was joined by Mr. Akhilesh Joshi, CEO, Hindustan Zinc Ltd. as the Chief Guest of the Orientation Programme. Mr. Joshi spoke to the students about his journey during his stint at HZL for 30 years. He briefed the students about how the management education will lead to their learning which will help them throughout their career. He specially mentioned students with the guidelines which will help the students to excel in their respective fields with focusing on discipline, passion, excellence, dedication and hard work.

The students keenly listened and discussed their ambitions with Mr. Joshi. The students will be going through a week long Orientation Programme with sessions on Entrepreneurship by Prof. Sunil Handa, FacultyIIMA and Founder, Eklavya Foundation, Ice-Breaking activities and workshops on Case Study Methodology by Prof. L. S. Murthy, FacultyIIMB.

Things which differentiate IIM Udaipur – Team Work!

Climbing the ladders of a managerial career requires one to be cinch with team working abilities. Beginning from management trainees and proceeding through various phases of middle management and senior management roles, responsible managers are expected to work and deliver according to best of the capabilities of the team with which they are associated.

IIMU follows the pedagogy in the academic and non-academic student affairs in such a manner that the best of team working skills are inculcated in the students within the first three months itself of their stay at the institute. The academic programmes of the institute are launched with the first week entirely dedicated to team building workshops. External agencies who are specialist in the field are also sought to conduct innovative exercises involving sports, games et al to help in ice-breaking between the students and help them get ready for their journey in the institute.

A large part of the academic process involves weightage given to assignments, project submissions and class presentations given in study groups, furthermore, individual assignments. The study groups are formed by the Programmes Office with inputs from the faculty. A large care is taken to ensure parameters like academic, cultural and work experience diversity in the formation of groups to enhance the overall functioning of groups. IIM Udaipur has adopted case based learning methodology and a significant importance lies in the class participation and case discussions, hence providing the students of a feel of simulation of real life complex managerial situations.

The student clubs and committees and their plethora of vibrant activities in the institute complement the team building process. These bodies maintain autonomy in their selection process and hence bypass a large number of conventional parameters to form best teams aligned with their outcomes. The challenges posed to the students prepare them in honing their skills not confined to academic pursuits. The institute provides ample opportunities, independence and resources to students to conceive ideas and work in teams to plan and orchestrate their design and implementation. The institute has seen many such student driven initiatives culminating into events like The Leadership SummitThe Flagship Event of IIMU, Arth SamvaadThe Annual Finance Symposium of IIMU, SpandanThe Annual HR Conclave of IIMU, The Udaipur Leap Day Literature Festival and the Excursus Series.

Other prominent didactics like Live Projects, Field Surveys, Focus Group Studies, Industrial & Companies Visits, Global Immersion Programme, Student Exchange Term, Rural Immersion Course, Summer Internships and Placements Preparation Process all benefit students in the team working abilities by teaching them the values of mutual respect, appreciation, motivation, trust, understanding and refining of opinions, processes and working approaches.

Students also unite together with common interests and have come up with hobby clubs and societies for activities pertaining to sports, dance, music, arts, literature, photography, dramatics etc. Dedication to serve for a sensitive cause and social responsibility have also resulted in execution of student drives like Blood Donation Camp, Stem Cell Donation Camp and School Children Mentorship Programme.

Leaders well known in the corporate world are comprehended as great based on their abilities to lead teams with perfection for exceptional work deliveries. And IIMU strives to help students in developing as managers more confident of their team working capabilities and more responsible for team based actions so that they excel in their corporate journeys after learning the insights of transition at their stay at IIM Udaipur.